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IN BRIEF
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The former spouse of the notorious Iranian ambassador, Hushang Ansary, has listed a stunning three-bedroom, four-bath condominium in a unique castle-style building located on the Upper West Side for $5.3 million. Maryam Panahy Ansary, who purchased the property for $5.95 million in 2007, is now selling her luxurious 4,146-square-foot residence that features impressive amenities including a circular living room with views of Central Park and a spa-like bathroom. The building, designed by architect Charles C. Haight, offers high ceilings, beautiful details, and a range of benefits such as a gym, pool, and concierge service. After years of hosting grand parties, Ansary feels the space has become too large for her current lifestyle.
Overview of the Luxury Condominium
A stunning three-bedroom, four-bathroom condominium located in a landmark Upper West Side building has recently hit the market for an impressive $5.3 million. This exquisite property, nestled in a castle-style structure commissioned by John Jacob Astor in 1884, boasts a unique history and luxurious features that will surely attract affluent buyers in today’s competitive real estate market.
The Seller: Maryam Panahy Ansary
The condominium is owned by Maryam Panahy Ansary, who acquired the residence for $5.95 million back in 2007. Ansary, who is now 82 years old, is noted as the former spouse of the controversial Iranian billionaire Hushang Ansary. Their marriage lasted 30 years before turning into a divorce that has now been in effect for over 25 years.
Background on Hushang Ansary
Hushang Ansary is not just significant because of his wealth; he has also been a public figure marred by controversy. A former Iranian ambassador to the United States, he was once the head of Iran’s national oil company and resigned shortly before the Islamic Revolution in 1978. Moving to Texas after his resignation, he became a billionaire in the oil industry, cultivating relationships with powerful families like the Bush family while contributing substantially to the Republican Party.
Current Controversies Surrounding Ansary
Recently, Hushang Ansary has faced allegations regarding financial improprieties linked to a private pension fund in the Dutch Caribbean. The Central Bank of Curaçao and Sint Maarten has filed suit against him, claiming he misappropriated millions from the fund. Ansary denies these allegations, but the scrutiny around him continues to grow.
The Unique Features of the Condominium
This luxurious 4,146-square-foot apartment, located at 445 Central Park West, features an elegant circular living room adorned with large windows providing stunning views of Central Park. With a wood-burning fireplace and lofty 12-foot ceilings, the space feels both grand and inviting. Additionally, there’s a formal dining room filled with bright light and a chef’s kitchen equipped with three windows and ample space for entertaining.
The Bedrooms and Bathrooms
The main suite, designed in a rounded shape, includes two large dressing rooms and a spa-like bath, making it a personal retreat in the heart of New York City. The finishing touches, including beautiful hardwood floors and an abundance of natural light from four exposures, amplify the luxury embroidered within this residence.
History of the Building
Interestingly, the building itself has a rich history, having originally served as New York’s first cancer hospital. Designed by architect Charles C. Haight, the Gothic red brick building features five round towers alongside a separate chapel, inspired by the elegant Renaissance castles of France’s Loire Valley. In recent years, this iconic structure has been transformed into a boutique condo, shedding its former hospital identity for that of lavish urban living.
Maryam Ansary’s Social Life and Motivation for Selling
Maryam, known for her enjoyment of social gatherings, expressed her fondness for entertaining guests in her expansive apartment, stating that she used to host parties for up to 120 people. However, she has acknowledged that as time has passed, her lifestyle has evolved, and her gatherings have become smaller.
Change in Social Dynamics
“I bought the apartment when I held a lot of parties here, especially for young people. Social life has changed so much. I try to keep to the old way of socializing at home,” she shared, recognizing the shift in both her personal life and the wider social landscape of the city.
The Decision to List
Over time, the enormity of the apartment began to feel overwhelming for Ms. Ansary. As her guest lists have shrunk, she finds it increasingly challenging to manage such a vast living space and has now decided to list the property, a decision likely spurred by both practicality and a desire for a new chapter.
Amenities of the Building
Apart from the luxurious features of the condominium itself, the building also offers an array of upscale amenities that cater to residents’ needs. These include a stylishly designed lobby by David Rockwell, a fully-equipped gym, a swimming pool, and concierge services. Residents also enjoy a children’s playroom, common garden, and bike storage.
The Real Estate Market Landscape
As the New York City real estate market continues to fluctuate, this apartment serves as a prime example of high-end living opportunities. With its rich history, elegant design, and in-demand location, the property presents an appealing offering for those looking to invest in luxurious urban real estate.
What the Future Holds for the Property
As competitive bidding and market dynamics unfold, potential buyers will likely appreciate not only the physical attributes of this condo but also the intriguing background associated with the property’s owner and the building itself. The juxtaposition of modern luxury and historical significance creates a narrative that augments its market value.
Role of the Listing Broker
The listing is being managed by Bahar Tavakolian of Compass, who is adept at navigating high-end real estate transactions. With her experience, she brings valuable insight into marketing such unique properties, ensuring that the condo garners the attention it merits.
Market Trends for Luxury Real Estate in NYC
Across the city, luxury real estate has shown resilience amid economic fluctuations. Although challenges like rising interest rates and economic uncertainty loom, properties with unique features or narratives often maintain their value or even appreciate, due to their exclusivity and desirability.
Comparisons to Other Recent Listings
This condo’s listing price positions it among several other remarkable properties currently on the market in New York. For example, the former home of the late Iranian princess oh, Ashraf Pahlavi, has been listed for a staggering $36 million. This illustrates a range of offerings for wealthy buyers willing to invest in exclusivity, history, and impeccable design.
Potential Buyers and Their Preferences
Today’s buyers are increasingly looking for properties that provide not only a luxurious lifestyle but also reflect their identity and legacy. Distinctive historical elements, spacious layouts, and prime locations can significantly enhance the market appeal of high-end residences.
Conclusion and Next Steps for Interested Buyers
As this former mansion of opulence awaits new ownership, interested parties are encouraged to consider the significance behind the walls of this condo. Given its unique lineage and exquisite features, prospective buyers have a remarkable opportunity ahead. The combination of history, luxury, and location within the vibrant tapestry of New York City makes this listing a tantalizing prospect for affluent buyers ready to invest in an unmistakable lifestyle.
Feeling like living in a castle? Check out this stunning three-bedroom, four-bath condo nestled in a landmarked Upper West Side building. This beauty, commissioned by John Jacob Astor back in 1884, is now up for grabs at the price of $5.3 million.
The current owner, Maryam Panahy Ansary, snagged this gem for $5.95 million over fifteen years ago. Talk about a *real estate adventure*! It’s an eye-catching spot, with features that scream luxury and elegance.
With its circular living room and breathtaking views of Central Park, this condo offers a vibe of grandiosity. Perfect for those who love entertaining, right? Ms. Ansary has fond memories of hosting parties there. “I used to throw big gatherings for about 120 people,” she shares, nostalgically reminiscing about her glamorous days.
Rumor has it, she’s selling because this magnificent space is now just too much for her. The once-bustling social scene has quieted down, and her gatherings are now more intimate, with just 40 to 50 attendees. The shift in social life reflects how times have changed.
It’s not just the size of the unit that stands out; the entire Gothic red brick building is designed with round towers and even a chapel! Just imagine living in a place that looks like something out of a fairy tale. Plus, you’ve got amenities like a gym, a pool, and a sequentially luxurious lobby.
Of course, the history of this condo adds even more to its allure. The building once housed New York’s first cancer hospital – how’s that for a unique backstory? It even comes with features that include hardwood floors and impressive high ceilings, making it a perfect insight into city luxury living.
Though her life has taken a turn, Ms. Ansary clearly remembers the good times spent in the striking residence. As someone who has rubbed elbows with notable figures, it’s safe to say this condo has stories to tell! It’s not just a place to live, it’s a slice of history waiting for its next chapter.